Regional Management (NYSE:RM) Director Roel C. Campos purchased 800 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $30.99 per share, with a total value of $24,792.00. Following the completion of the purchase, the director now directly owns 29,654 shares in the company, valued at $918,977.46. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Regional Management stock traded down $0.87 during midday trading on Friday, reaching $32.16. The company’s stock had a trading volume of 60,587 shares, compared to its average volume of 63,703. The company has a debt-to-equity ratio of 2.37, a quick ratio of 42.60 and a current ratio of 42.60. Regional Management has a 52-week low of $19.23 and a 52-week high of $35.34. The stock has a market cap of $375.95, a PE ratio of 14.23 and a beta of 1.19.
Regional Management (NYSE:RM) last released its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Regional Management had a return on equity of 12.54% and a net margin of 11.00%. The company had revenue of $72.11 million during the quarter, compared to analysts’ expectations of $71.86 million. sell-side analysts predict that Regional Management will post 3.13 EPS for the current fiscal year.
Several equities analysts have commented on RM shares. Zacks Investment Research downgraded Regional Management from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets reissued a “hold” rating and set a $32.00 price target on shares of Regional Management in a research report on Monday, January 8th. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Regional Management in a research report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price target on shares of Regional Management in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.
Several large investors have recently made changes to their positions in the company. Basswood Capital Management L.L.C. raised its stake in shares of Regional Management by 6.9% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,537,760 shares of the credit services provider’s stock worth $40,458,000 after purchasing an additional 99,275 shares during the last quarter. Second Curve Capital LLC raised its stake in shares of Regional Management by 70.3% in the fourth quarter. Second Curve Capital LLC now owns 1,078,034 shares of the credit services provider’s stock worth $28,363,000 after purchasing an additional 445,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Regional Management by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 835,364 shares of the credit services provider’s stock worth $20,224,000 after purchasing an additional 38,978 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Regional Management by 7.1% in the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after purchasing an additional 46,288 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Regional Management by 2.2% in the fourth quarter. BlackRock Inc. now owns 618,346 shares of the credit services provider’s stock worth $16,268,000 after purchasing an additional 13,061 shares during the last quarter. Hedge funds and other institutional investors own 88.26% of the company’s stock.
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About Regional Management
Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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